Rice RSS Feed from 774 ABC Melbournehttp://www.abc.net.au/local/topics/melbourne/rural/agricultural-crops/rice/rss.xml
Rice RSS Feed from 774 ABC Melbourne2013, Australian Broadcasting Corporationen-au15Wed, 14 Aug 2013 09:49:00 +1000Shareholder unhappy with SunRice directionhttp://www.abc.net.au/news/2013-08-14/sunrice-corporate-changes/4885260?source=rss
Wed, 14 Aug 2013 09:49:00 +1000\xmlcontent\201308\3825209.xml774 ABC MelbourneriverinamelbourneRural:Agribusiness:Agricultural MarketingRural:Agricultural Crops:RiceAustralia:NSW:Griffith 2680Australia:VIC:Werribee 3030Shareholder unhappy with SunRice directionSunRice chairman Gerry Lawson explains why restructuring the board will be a focus at its upcoming AGM rather than proposals to list the company on the ASX, a move which its biggest shareholder continues lobby for.Laurissa Smith-34.2892 146.0437Major SunRice shareholder puts sale concerns to FIRBhttp://www.abc.net.au/rural/nsw/content/2011/04/s3200656.htm?source=rss
The largest B-class shareholder of SunRice has written to the Foreign Investment Review Board, hoping it'll prevent the sale of the company to Ebro Foods.
Rice growers are due to vote on the Spanish company's $600 million takeover offer at the end of May.
Werribee farmer Julian Menegazzo maintains SunRice is worth so much more.
"I'd like it to remain in Australian hands.
"I've always thought that its value is worth a lot more than what Ebro are offering and in the fullness of time, I've always thought that value would be crystallised.
"To be honest the only way that would happen would be if it was a listed entity on the ASX and the owners of the company control the company.
"They'd get a control premium and that would be its best value."
SunRice shareholders expect to see an explanatory report on Ebro's takeover offer tomorrow.Tue, 26 Apr 2011 15:30:00 +1000\xmlcontent\201104\3200656.xml774 ABC MelbournemelbourneRural:Agricultural Crops:AllRural:Agricultural Crops:RiceAustralia:VIC:AllAustralia:VIC:Werribee 3030